A skeleton of Athol Country Florists balance sheet appears as follows (amounts in thousands): Use the following

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A skeleton of Athol Country Florists balance sheet appears as follows (amounts in thousands):

Use the following ratio data to complete Athol Country Florists balance sheet:
a. Debt ratio is 0.50.
b. Current ratio is 1.30.
c. Acid-test ratio is0.40.

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Question Posted: Dec 10, 2012 05:03 AM

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A skeleton of Athol Country Florists balance sheet appears as follows (amounts in thousands): Use the following

Question:

Balance Sheet $ 85 Total current liabilities Long-term debt Other long-term liabilities. $ 1,900 Receivable 762 720 Prepaid expenses Total current assets.. Plant assets, net Other a Total a 185 (d) 2,100 $7,300 Common stock Total liabilities and equity.. s (f)

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Balance Sheet Dollars in thousands Cash 85 Receivables 675 ...View the full answer

Financial accounting

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